Sydney Property Market Forecast

The Sydney property market has been one of the strongest and most consistent performers over the last four decades. Through the COVID period downturn, Sydney home values were down just -2.9% from peak-to-trough and in mid October the Sydney housing market turned the corner and has started rising buoyed by buyer and seller confidence.
At the end of 2020 Corelogic reported a +3.73% change in its Sydney Home value index over the last year, with houses +4.95% and units +0.98% (year on year.)
Rental markets haven’t been as resilient, with most of the downwards pressure coming from the unit sector. Early signs in 2021 indicate a recovery in rental yields for the unit sector. According to reports, Sydney is projected to deliver 8 -12 per cent capital growth in 2021

For further details on the Sydney CBD market, contact Licencee In Charge John Tsironis 0402 696 497